By Shashwat Chauhan and Shristi Achar A (Reuters) -UK’s FTSE 100 fell to near four-month lows on Friday, as investors fret over the possibility of interest rates staying higher for longer, though shares of Coca Cola HBC jumped after the bottler raised its profit outlook. The internationally-focused FTSE 100 lost 0.3%, totalling to a 3.6% …
FTSE 100 posts worst week in nearly four months on rate hike jitters Read More »
By Gus Trompiz and Rod Nickel PARIS (Reuters) -Canada’s biggest grain merchant Richardson International is entering the malt sector through the acquisition of UK-based Anglia Maltings Holdings (AMH), targeting rising demand for the beer and whisky ingredient, Richardson said on Friday without disclosing financial terms. Anglia Maltings operates seven malt facilities in the UK, Poland, …
Canada’s Richardson enters malt market, buys UK’s Anglia Maltings Read More »
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind sector in late June when it warned of faulty components …
Analysis-Siemens Energy’s turbine troubles rattle wind sector Read More »
By Tom Sims and Friederike Heine FRANKFURT (Reuters) -German prosecutors are investigating asset manager DWS’s former chief executive Asoka Woehrmann over allegations of investment fraud through so-called greenwashing, a person with knowledge of the matter said on Friday. The formal investigation follows probes by regulators on both sides of the Atlantic since 2021 over accusations …
DWS’ former CEO Woehrmann under investigation in greenwashing probe – source Read More »
BRUSSELS (Reuters) – The European Union and Belgium’s regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. “We know we will get our money back, not only in euros but also in societal dividend,” Flemish minister-president Jan Jambon said at a …
EU and Belgium invest $1.6 billion in chip technology firm Imec Read More »
LONDON (Reuters) – Underlying price pressures in the euro zone, a key focus for European Central Bank policymakers, are finally easing and past rate hikes have started to work their way through the economy, ECB Vice President Luis de Guindos said on Friday. “While underlying price pressures remain strong, most indicators have started to show …
Euro zone underlying inflation finally easing: ECB’s de Guindos Read More »
By Christoph Steitz and Pablo Mayo Cerqueiro FRANKFURT/LONDON (Reuters) -Shares in hydrogen firm Thyssenkrupp Nucera rose on their Frankfurt market debut on Friday after completing Germany’s largest initial public offering (IPO) so far this year, in an encouraging sign for Europe’s capital markets. The shares were last trading at 20.98 euros ($22.80), up from the …
Thyssenkrupp Nucera shares up on Frankfurt debut Read More »
STOCKHOLM (Reuters) – Sweden’s Supreme Court on Friday said a Danish online wine retailer has the right to sell directly to Swedish households and businesses, in a ruling that could challenge the Nordic state’s alcohol retail monopoly. Sweden has a restrictive alcohol policy and has had a state-run alcohol retail monopoly since 1955. It was …
Swedish alcohol retail monopoly challenged by court ruling Read More »
MADRID (Reuters) – U.S. chipmaker Broadcom will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce our decision to invest in Spain’s semiconductor ecosystem under their semiconductor support program,” Kawwas said on his Twitter account. The project in which Broadcom …
Broadcom to invest in a $1 billion EU-funded chip programme in Spain Read More »
MADRID (Reuters) – Spanish soccer club FC Barcelona plans to list its digital unit Barca Media on the Nasdaq Stock Market through the creation of a special purpose acquisition company (SPAC), newspaper Expansion reported on Friday citing unidentified market sources. The plan, which involves Swiss private equity fund Mountain Partners, is still in an ‘initial …
FC Barcelona plans to list digital unit on Nasdaq via SPAC -Expansion Read More »
